THE CITY OF MONTICELLO, IOWA
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA
RESOLUTION #19-137
Resolution to approve Release of Property from Terms of Development Agreement between Highland Corp. LLC and the City of Monticello
WHEREAS, The City of Monticello entered into a Development Agreement with Highland Corp. LLC on or about the 16th day of July, 2003, said agreement placing certain obligations on the Developer, and
WHEREAS, The Developer has met its obligations under the agreement in those areas that have now been final platted and built out with the terms of the Development Agreement continuing to be applicable to areas of the Development that were part of the preliminary plat but have not yet been constructed, and
WHEREAS, The owner of the following described property, located within the development, where developer’s obligations have been met, has requested that the Developer be released from any additional obligations set forth within the Development Agreement as it pertains to their property and the Council finds that request to be appropriate.
Legal Description
LOT 17 OF NORTHRIDGE ESTATES, SECOND ADDITION TO THE CITY OF MONTICELLO, IOWA.
NOW THEREFORE BE IT RESOLVED by the City of Monticello, through its’ City Council, in session this 7th day of October that the City Administrator is directed to execute a release of the Development Agreement as it pertains to the property described within the body of this Resolution.
IN TESTIMONY WHEREOF, I have hereunto subscribed my name and caused the Great Seal for the City of Monticello, Iowa to be affixed. Done this 7th day of October, 2019.
Brian Wolken, Mayor
Attest:
Sally Hinrichsen, City Clerk